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The following are the records from the national statistical office for 2011 Total consumption expenditure = 200 Inventories in the beginning of 2011 = 30

The following are the records from the national statistical office for 2011

  • Total consumption expenditure = 200
  • Inventories in the beginning of 2011 = 30
  • Inventories on the last day of 2011 = 35
  • Labour compensation (wages and salaries) = 401
  • New residential housing = 125
  • Taxes = 150
  • Net investment = 210
  • Depreciation = 45
  • Imports = 322
  • Government expenditures = 412
  • Government transfer payments = 204
  • Net exports = 60

Calculate the 2011 GDP.

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